Maize imports bill bleeds Zimbabwe economy

DIRECT imports of maize and wheat since 1999 have cost the country $3,3 billion due to shortfalls in domestic production, Bankers’ Association of Zimbabwe president Sam Malaba said yesterday.

TARISAI MANDIZHA
BUSINESS REPORTER

Speaking at the second edition of the agro-business conference held on the sidelines of the 2014 Harare Agricultural Show, Malaba said the increase in imports had contributed to the widening of the current account deficit to $4 billion last year from $3,6 billion in 2012.

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